Carroll Organization Acquires Lawrenceville, GA Apartment Community – The Firm’s 11th Acquisition
Atlanta/Lawrenceville — Carroll Organization, an Atlanta-based multifamily real estate firm, has acquired Camden Sweetwater Apartments located in Lawrenceville, Georgia. The 308-unit luxury community will be rebranded as ARIUM Sweetwater. The community is Carroll Organization's eleventh multifamily acquisition within 18 months. The transaction closed November 29, 2012.
The community was purchased in a joint venture with Phoenix Capital Partners. Carroll Management Group, an affiliate company, will be managing the new acquisition. Josh Champion, President of Investments, states, "This acquisition fits perfectly with our investment strategy; acquiring below replacement cost, value-add renovations, and attractive financing to generate exceptional returns for our investors. We are actively looking for strategic acquisitions in target markets across the United States.”
ARIUM Sweetwater is a luxury community with an array of custom features and high end amenities, located just minutes from I-85 and the dynamic Gwinnett GA 316 corridor. This area has outstanding convenience to the area's prime retail district, Discover Mills Mall, Gwinnett Center Arena and Gwinnett Place. ARIUM Sweetwater interiors boast designer details with 9 foot ceilings, crown molding, built in bookshelves, arched doorways and garden tubs. This beautifully appointed property also features a high-tech Cardio Strength training fitness center, Wi-Fi computer/coffee lounge, resort-style pool with outdoor kitchen.
